Addentax Group (NASDAQ:ATXG) Shares Down 9.8% – Here’s Why

Addentax Group Corp. (NASDAQ:ATXGGet Free Report) traded down 9.8% on Wednesday . The stock traded as low as $0.60 and last traded at $0.60. 414,349 shares traded hands during trading, an increase of 131% from the average session volume of 179,236 shares. The stock had previously closed at $0.67.

Addentax Group Stock Down 9.8%

The company has a 50 day simple moving average of $0.73 and a two-hundred day simple moving average of $0.74. The company has a quick ratio of 8.59, a current ratio of 8.64 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $3.63 million, a P/E ratio of -2.14 and a beta of 0.67.

Addentax Group Company Profile

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Addentax Group Corp., together with its subsidiaries, operates as a logistic service provider in China. It operates through three segments: Garment Manufacturing, Logistics Services, and Property Management and Subleasing. The company manufactures and distributes garments; and provides logistic services, such as storage, transportation, warehousing, handling, packaging, and order processing, as well as customs declaration and tax clearance services.

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